China's trade with North Korea sinks in October after UN sanctions - RTRS
|The latest revision to the Chinese October trade balance data published by China Customs showed that country’s trade with North Korea fell to its lowest since February, implying that the latest sanctions on the North, in compliance with the UN resolution, are showing its effect.
Key Details via Reuters:
“The world’s second-largest economy bought goods worth $90.75 million from North Korea in October, down sharply from $145.8 million in September and the lowest on government records going back to January 2014, data from China’s General Administration of Customs shows.
Exports plunged to $244.2 million, the weakest since February. That compares with $266.4 million in September and $286.9 million in October last year.
Trade between the two countries has slowed this year, particularly after China banned coal purchases in February.”
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